This year, the Multicultural Retail 360 Summit took a new turn as specialists in African-American and Asian marketing joined the conference’s cadre of Hispanic experts. Presenting companies included such market leaders as Nielsen, Walmart, Walgreens, the National Football League (NFL), Brookshire’s and Kroger. More than 50 speakers discussed subjects ranging from cultural relevancy beyond language to the importance of independent grocers gaining a better understanding of black consumers. Topics were so popular that, by the morning of Thursday, Aug. 13, the conference had become a leading trend topic in Southern California on social media site Twitter. Held Aug. 12-15 in Anaheim, the summit was presented by Stagnito Business Information, publisher of Convenience Store News and other leading retail business magazines. Total attendance exceeded 450 retailers, suppliers and other marketers that target multicultural consumers. Anheuser-Busch and PepsiCo were title sponsors of the 11th annual event, which was formerly titled the Hispanic Retail 360 Summit. McIIhenny Co., maker of Tabasco Sauce, sponsored the Cultural Immersion Tour, a highlight of the conference’s first day. The growth and significance of the multicultural market were reflected by the National Football League, which is committed to growing its Latino fan base. Already, 26 million Hispanics follow the sport and 63 percent of all Latinos like football more than other sports, said Marissa Fernandez, director of fan strategy and marketing for the NFL, and the summit’s keynote speaker. These consumers represent 14.2 percent of the 188 million NFL fans nationwide. The NFL is pairing culturally relevant messages with its all-American image. One Spanish-language ad shows kids playing football; a voiceover discusses their hopes for the future. “The NFL represents both the American culture and the
American dream,” said Fernandez. The NFL is also looking to increase Spanish TV football viewership by building Hispanic fans’ understanding of the game. On ESPN Deportes, it provides both in-depth game analysis for veteran fans and “how to” explanations for more novice viewers. To reach Hispanic women, the NFL ran ads featuring Dominican-born actress Diane Ramirez in Vogue and People en Español during 2014. This year’s ads star Dascha Polanco, another Dominican actress. At the grassroots level, the NFL is targeting underdeveloped markets with youth participation programs designed to foster lifetime enjoyment of football. BIG NAMES IN RETAIL On the retail end, a panel of executives from top chains talked about hindrances to multicultural initiatives, the importance of companywide cooperation and how diversity can generate additional revenue. Rona Fourté, Walgreens’ director of supplier diversity, discussed partnering with black entrepreneur Vera Moore to launch a line of African-American cosmetics. The assortment is offered by 35 Duane Reade stores in New York and via Walgreens.com. “It’s a true example of Walgreens’ commitment to diversity,” Fourté said. Walgreens also launched a bilingual freestanding insert when it began selling Hispanic groceries, said Martha Garnica, manager of multicultural marketing. The dossier is published at the beginning of the month when low-income customers receive government benefits. Mike Byron, senior director of supplier diversity at Walmart, said the retailer now offers 3,000 products and services from diverse suppliers. In 2011, it committed to sourcing $25 billion from women-owned companies over the next five years. Byron said Walmart has already exceeded that goal by about $1 billion. “We want to imbed supplier diversity into our overall strategic directive. Everyone in charge of negating or awarding a contract touches my office.” Kroger executives utilize the input of nine associate resource groups, said Reuben Schaffer, chief diversity officer. Each is comprised of people from a specific ethnic or other group. “They tell us what it’s like to be Asian or gay,” said Schaffer. “Diversity is about the mix; inclusion is making it work. With us, it’s in to be out.” Continue reading…